Tag Archives: drilling

Deal to hold back drilling worth the wait

Deal to hold back drilling worth the wait

OPPOSITION parties have built quite a convincing case in support of their claim that the government had reached an agreement with the Turkish side over the termination of the exploratory drilling for hydrocarbons that allowed the resumption of the talks. For months, they had been speculating there had been an agreement for the drilling to

No gas drilling for two years. More time for Cyprob?

The gas bonanza seems to be over before it even started. With either dry wells or nothing worth drilling for, Noble’s Aphrodite in Block 12 is the only exploitable field for the foreseeable future. Energy Minister George Lakkotrypis announced yesterday that after drilling to a depth of 5,485 metres, the Eni-Kogas consortium had “not identified